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Vice President and Prime Minister of the United Arab Emirates, Emir of Dubai Mohammed bin Rashid Al Maktoum, announced a decision allowing foreigners over 55 to receive visas for 5 years after retirement, provided that they invest in UAE real estate no less than 2 million dirhams. In addition, a potential resident should have savings of at least 1 million dirhams, or his monthly income should be at least 20,000 dirhams. After the expiry of the 5-year period, the visa can be extended. Thus, the UAE authorities intend to support the Dubai property market and the UAE economy growth. 80% of all residing in the UAE are foreigners.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
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